USD/MXN may rise 1576 - 2365 pips

Our pivot point is at 18.5130.

Our preference

Rebound towards 18.8699.

Alternative scenario

Below 18.5130, expect 18.3807 and 18.3020.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 18.6382 and 18.6650).

Supports and resistances

19.0275 **

18.9487 *

18.8699 **

18.7910

18.6334 last

18.5650

18.5130 **

18.3807 *

18.3020 **

Number of asterisks represents the strength of support and resistance levels.